QQH Stock Summary and Trading Ideas (HCM Defender 100 Index ETF | ARCA:QQH)

The Fund seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 100 Index (the HCM 100 Index ). The HCM 100 Index seeks to outperform the Nasdaq 100 Index using a proprietary methodology. The Nasdaq 100 Index is comprised of the largest domestic and international non-financial securities listed on the Nasdaq. The HCM 100 Index alternates exposure between a full equity position of securities issued by 100 of the largest non-financial companies listed on the Nasdaq, a 50/50 equity/1-3-month Treasury instruments (including ETFs, mutual funds or derivatives) or a full 1-3-month Treasury instruments position. The Fund may gain exposure to securities included in the HCM 100 Index indirectly through investments in derivatives and other investment companies.

HCM Defender 100 Index ETF trades on the ARCA stock market under the symbol QQH.

As of April 18, 2024, QQH stock price declined to $52.13 with 7,218 million shares trading.

QQH has a beta of 1.34, meaning it tends to be more sensitive to market movements. QQH has a correlation of 0.69 to the broad based SPY ETF.

QQH has a market cap of $406.61 million. This is considered a Small Cap stock.

In the last 3 years, QQH stock traded as high as $59.87 and as low as $33.72.

QQH has outperformed the market in the last year with a return of +33.6%, while the SPY ETF gained +22.3%. However, in the most recent history, QQH shares have underperformed the stock market with its stock returning +5.2% in the last 3 month period and -4.5% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

QQH support price is $51.68 and resistance is $53.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQH stock will trade within this expected range on the day.